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  1. COLLEVILLE-SUR-MER, France (AP) — When the sun rises over Omaha Beach, revealing vast stretches of wet sand extending toward distant cliffs, one starts to grasp the immensity of the task faced by Allied soldiers on June 6, 1944, landing on the Nazi-occupied Normandy shore. Several ceremonies were being held Sunday to commemorate the 77th anniversary of D-Day, the decisive assault that led to the liberation of France and western Europe from Nazi control, and honor those who fell. “These are the men who enabled liberty to regain a foothold on the European continent, and who in the days and weeks that followed lifted the shackles of tyranny, hedgerow by Normandy hedgerow, mile by bloody mile,” Britain’s ambassador to France, Lord Edward Llewellyn, said at the inauguration of a new British monument to D-Day’s heroes. On D-Day, more than 150,000 Allied troops landed on the beaches code-named Omaha, Utah, Juno, Sword and Gold, carried by 7,000 boats. This year on June 6, the beaches stood vast and nearly empty as the sun emerged, exactly 77 years since the dawn invasion For the second year in a row, anniversary commemorations are marked by virus travel restrictions that prevented veterans or families of fallen soldiers from the U.S., Britain, Canada and other Allied countries from making the trip to France. Only a few officials were allowed exceptions. At the newly-built British Normandy Memorial near the village of Ver-sur-Mer, bagpipes played memorial tunes and warplanes zipped overhead trailing red-white-and-blue smoke. Socially distanced participants stood in awe at the solemnity and serenity of the site, providing a spectacular and poignant view over Gold Beach and the English Channel. The new monument pays tribute to those under British command who died on D-Day and during the Battle of Normandy. A text carved on the wall writes: “They died so that Europe might be free.” Visitors stood to salute the more than 22,000 men and women, mostly British soldiers, whose names are etched on its stone columns. Giant screens showed D-Day veterans gathered simultaneously at Britain’s National Memorial Aboretum to watch the Normandy event remotely. Prince Charles, speaking via video link, expressed regret that he couldn’t attend in person. On June 6, 1944, “In the heart of the mist that enveloped the Normandy Coast ... was a lightning bolt of freedom,” French Defense Minister Florence Parly told the ceremony. “France does not forget. France is forever grateful.” Charles Shay, a Penobscot Native American who landed as an U.S. army medic on June 6, 1944 and now calls Normandy home, was the only surviving D-Day veteran at the Ver-sur-Mer ceremony. Another veteran of the Battle of Normandy, British Capt. David Mylchreest, was also present. He landed with his team in Normandy on June 12, 1944, to replace officers who had died in the first days of the fight. Shay then took part in a commemoration at the American Cemetery later in the day in Colleville-sur-Mer, on a bluff overseeing Omaha Beach, in the presence of officials from the United States, Canada, Britain, Germany and other allied countries. The cemetery contains 9,380 graves, most of them for servicemen who lost their lives in the D-Day landings and ensuing operations. Another 1,557 names are inscribed on the Walls of the Missing. Most public events have been canceled, and the official ceremonies were limited to a small number of selected guests and dignitaries. Denis van den Brink, a WWII expert working for the town of Carentan, site of a strategic battle near Utah Beach, acknowledged the “big loss, the big absence is all the veterans who couldn’t travel.” “That really hurts us very much because they are all around 95, 100 years old, and we hope they’re going to last forever. But, you know...” he said. “At least we remain in a certain spirit of commemoration, which is the most important,” he told The Associated Press. Over the anniversary weekend, many local residents have come out to visit the monuments marking the key moments of the fight and show their gratitude to the soldiers. French World War II history enthusiasts, and a few travelers from neighboring European countries, could also be seen in jeeps and military vehicles on the small roads of Normandy. Some reenactors came to Omaha Beach in the early hours of the day to pay tribute to those who fell that day, bringing flowers and American flags. On D-Day, 4,414 Allied troops lost their lives, 2,501 of them Americans. More than 5,000 were wounded. On the German side, several thousand were killed or wounded. Normandy has more than 20 military cemeteries holding mostly Americans, Germans, French, British, Canadians and Polish troops who took part in the historic battle. Dignitaries stressed the importance of keeping D-Day’s legacy alive for future generations. “In the face of the threats of today, we should act together and show unity,” Parly said, “so that the peace and freedom last.” May they be resting in peace for the ultimate sacrifice a human can do for another.
    9 points
  2. Money vs. corruption: those who think this dinar won't RV have a problem: While there is obviously lots of corruption in Iraq, there is an opposite force: economic progress is embedded into the system because the very thing that makes things corrupt, ie oil money, it also has an incentive built in into it, not only for corruption, but the oil money incentive is built into the dinar, for international trade. That's a corresponding force, to corruption. The RV? It's eventually unstoppable....although Iraq must hold the world record now, for the most push back, against the inevitable...lol...What happens over the long run is that the need for trade and exchanging currency eventually overwhelms the incentive for corruption. 🏗️ We are going to win.
    9 points
  3. "More political than technical" .. Parliamentary comment on the possibility of passing the oil and gas law Posted 1 minute ago https://iraqakhbar.com/3128146 news source / Baghdad today News source / Baghdad today بغداد Baghdad today - Baghdad Today, Sunday, a member of the Parliamentary Oil and Energy Committee, Ghaleb Muhammad Ali, commented on the possibility of passing the oil and gas law during the current parliamentary session. Muhammad Ali told (Baghdad Today), “The oil and gas law is more political than technical, so this is how the political forces look at it, and that is why it cannot be passed in Parliament without the leaders of the political blocs agreeing on it once and for all, but there is no real seriousness in resolving this law.” important during the current parliamentary session.” He added that "the influential Kurdish political forces in the Kurdistan region refuse to legislate this law more than the other political forces, because the legislation of this law means the existence of real and serious control over the region's oil, and for this we find the law has been inoperative for years and will remain suspended until the region's oil remains without real federal oversight
    7 points
  4. Thank You Yota GM DV's . More good news .
    7 points
  5. Speculators and exchange rate stability https://economy-news.net/content.php?id=25301 Samir Al-Nusairi Several days ago, a new wave of criticism began from some media outlets affected by rumors launched and driven by speculators in the currency exchange market with the aim of creating a state of confusion and instability and trying to drag the money market into instability and thwarting the Central Bank's plans to control the rates announced by the Central Bank of exchange rates Specific to the Ministry of Finance, banks and the public, and from these rumors is that the Central Bank will make a new change to the current rate. Although the stability of the exchange rate is determined by supply and demand according to the effects and repercussions of the economic reality in a country like Iraq that suffers from challenges, repercussions, economic and financial crises, and structural and systematic defects in the management of the economy and money that the central bank does not bear alone because its role is clear, specific and independent focused on stimulating the economy according to the tools and applications of monetary policy But this cannot be achieved without joint coordination with fiscal policy and other economic sectors, activating the real economy, diversifying sources of national income, and leaving the unilateral economy based on oil as a major resource, which constitutes 93% of the revenues of the general budget and 57% of GDP. Therefore, those who criticize the Central Bank must return to the statement of the Central Bank in which it determined the new exchange rates on December 2020, and in which the Bank clearly and transparently specified the reasons and rationales for determining the price, what measures it will take and what other parties must take in order to maintain the stability of the new rate Because the bank cannot work alone without a coordinated economic and financial approach supported by the Central Bank in accordance with the tasks and objectives stated in Law 56 of 2004, and here we can repeat what was mentioned in the Central Bank’s statement, which is the definitive answer to those who hold the bank responsible for the instability in the exchange rate Where the bank announced in its statement that during the last months of 2020, intensive deliberations took place with the Prime Minister, the Minister of Finance and the legislative authority, regarding the economic situation in general and the financial crisis that the public finances are going through due to the decline in oil prices and production, and the economic and health challenges. The Board of Directors of the Central Bank also held a number of meetings, some of which hosted the Minister of Finance for the same purpose. He explained that the reasons for adjusting the exchange rate and maintaining its stability in the future are as follows:- 1- It is the structural distortions in the Iraqi economy that have impoverished public finances and restricted the ability of reform that the government and the Ministry of Finance are seeking. It is not a coincidence that the financial situation is so bad, but it took root more than a decade and a half ago due to the political leadership of the economy, the priority of political thinking over economic thought, development priorities and the rules of the relationship. Thus, fiscal policy failed to perform its roles, and monetary policy was preoccupied with restoring the confused financial policy outcomes. 2- The dependence of economic and financial policy on the ambitions and concerns of politicians led to the latest accepted models of financial management in Iraq, and the role of that administration was limited to distributing oil resources to life-sustaining requirements such as salaries and operational requirements. 3- Because of these combined conditions, the Central Bank had no choice but to intervene on more than one occasion to support public finances and save critical public spending requirements. 4- The Central Bank understands the difficulties facing the government’s reform intentions, but this does not prevent it from tying any steps that the monetary authority can take to effective steps to carry out reforms that inevitably affect the institutions of the financial authority, especially the effective collection institutions, customs and tax institutions, and other institutions. The other public levying, and that spending be streamlined and rationalized, and all of this depends on the political will of the higher state institutions that support the financial authority’s directions to achieve this. This requires the government's direction to support the vulnerable groups, which will inevitably be directly affected, especially by any measure to change the exchange rate. 5- The legislative authority will have an important role in supporting the Central Bank’s direction to adjust the foreign exchange rate, as failure to take such a decision may make us obliged to take difficult decisions that may put Iraq in a situation similar to what neighboring countries have been exposed to. It should also be emphasized here that this change (devaluation) in the value of the Iraqi dinar will be for one time only and will not be repeated. 6- The financial crisis that Iraq was subjected to due to the Corona pandemic and the resulting deterioration in oil prices and the decline in oil revenues, this led to a large deficit in the general budget and the Ministry of Finance had to borrow from banks and re-discount them with the Central Bank in large amounts, for the purpose of paying salaries. And meet the other spending needs related to services provided to citizens. * Economic and banking consultant Views 107 Date Added 06/06/2021
    6 points
  6. So is this really the Doom and Gloom zeffy has been hinting at.....It will be Years before Iraq revalues. (note to self and others) zeffy has claimed God put it on his Heart, his sister, Then this needed to be done and it was over....zeffy got caught with his false claims so many times now he has done a 180 but should you get down over what he is claiming he will buy your IQD or you have the option to pay him for the In Depth Truth of the Matter like he know any more or knowledge than the folks here. Or is the the Shock and Awe part to scare the Iraqi People into exchanging the larger 3 Zero notes for USD? Just my opinion and I know all to well the PTB in Iraq (or for that matter anywhere else) They have come way to far to start dropping back into the Dark Ages.......GE and Mega Watt Power Plants, Siemens, Deawoo and the Grande Port of Faw, $100 million dollar Steel Mill....just today two of their tankers are cleared and certified to Fly the Iraqi Flag rather than being registered as Jordanian Ships....How can one not see the progress being made to move Iraqi into this as someone here called it the 4th Industrial Revolution, Yota posted Video of High Rises, Iraq has plans for 5 Major Industrial cities....Iraq wants to be the Central hub of the Middle East......With a Currency that is worth less than an Empty Recycled Beer Can.....Something just isn't right Just like Epstein didn't kill himself and no way did sleep joe biden win a far election at 3 AM after the polls had closed. Karsten
    6 points
  7. https://banknotenews.com/?p=33413 Iraq to protect banknotes from bacteria and viruses 2021-06-06 INDUSTRY, MIDDLE EAST, NEW VARIETY 0 COMMENTS According to a press release, the Central Bank of Iraq announced that it has added the feature of protecting banknotes from bacteria and viruses, including the Corona virus strain, which will soon be put into circulation, by adding the biological pesticide developed by international companies specialized in printing banknotes in coordination with the competent authorities. Courtesy of Albert.
    6 points
  8. Sanctions imposed on two Iraqi tankers lifted today, Iraqi Minister announces 2021-06-06 07:37 Shafaq News/ The Iraqi Minister of Transport, Nasser Hussein Bandar Al-Shibli, announced from Umm Qasr ports, raising the Iraqi flag over the Al-Qurna and Al-Asma'i tankers. Al-Shibli said in a press conference, "After strenuous discussions and negotiations to find ways to comply with the International Ship and Port Security Code, the sanctions imposed on Iraqi tankers during the former regime's era were lifted, and after the approval of international maritime organizations." "The Al-Asma'i and Al-Qurna tankers, owned by the General Company for Maritime Transport, were transferred from the Jordanian registration port to the Basra registration port, and the Iraqi flag was raised on them after completing the docking, maintenance, and the tanker's approval for commercial work, which is documented by international certificates.
    6 points
  9. Lifting international sanctions on Iraqi tankers 6/6/2021 14:27:00 . Today, Sunday, the Ministry of Transport announced the raising of the Iraqi flag over the Iraqi tankers Al-Qurna and Al-Asma’i, after lifting the sanctions imposed on Iraq in the nineties of the last century on all marine tankers. And Transport Minister Nasser Al-Shibli indicated, during a press conference held in Umm Qasr ports, that long discussions took place to achieve ways to comply with the International Ship and Port Security Code (ISPS code), during which the sanctions imposed on Iraqi shipping carriers during the 1990s were lifted after the approval of international maritime organizations. The Iraqi flag was hoisted high on the Iraqi conveyors. Al-Shibli added that the two tankers, Al-Asma’i and Al-Qurna, owned by the General Company for Maritime Transport, were transferred from the Jordanian registration port to the registration port in Basra, and the Iraqi flag was raised on them after the completion of docking and maintenance, and the tanker’s validity for commercial work, which is documented by international certificates that are binding for commercial work and according to the requirements of the flag state (Iraq).
    5 points
  10. There’s a few on here that actually think Biden got 80 million votes and he’s doing good for this country and us citizens. The dems definitely have there sheep brainwashed
    5 points
  11. US army shoots down drones over Iraqi military base US consistently blames Iran-linked Iraqi factions for rocket and other attacks on installations housing its personnel; same base targeted last month by armed UAV By AFPToday, 12:52 pm An aerial file photo taken from a helicopter shows Ain al-Asad air base in the western Anbar desert, Iraq, December 29, 2019. (AP Photo/Nasser Nasser, File) BAGHDAD, Iraq (AFP) — The Iraqi army said Sunday that two drones were destroyed above a base housing US troops, one month after the same base was targeted by an armed drone. The US military’s C-RAM defense system was activated to shoot down the drones above the Ain al-Assad base, located in Iraq’s western desert, the Iraqi military said. Several hours earlier, a rocket was shot down above Baghdad airport, “without causing casualties or damage,” said Colonel Wayne Marotto, spokesman for the US-led military coalition in Iraq. The coalition was sent to Iraq to help the country’s military fight the Islamic State jihadist group — a campaign that Baghdad declared won in late 2017. A picture taken on January 13, 2020, during a press tour organized by the US-led coalition fighting the remnants of the Islamic State group, shows a US soldier walking past a drone at the Ain al-Asad airbase in the western Iraqi province of Anbar (Ayman Henna / AFP) There are currently 2,500 US troops in Iraq, feeding into total coalition troop strength of 3,500. The US consistently blames Iran-linked Iraqi factions for rocket and other attacks against Iraqi installations housing its personnel. Since the start of this year, there have been 39 attacks against US interests in Iraq. The vast majority have been bombs against logistics convoys, while 14 were rocket attacks, some of them claimed by pro-Iran factions. In this February 23, 2017 photo, US Army soldiers stand outside their armored vehicle on a joint base with the Iraqi army, south of Mosul, Iraq. (AP Photo/ Khalid Mohammed, File) For Western diplomats and high-ranking military officials in Iraq, the attacks are not only a danger to US personnel, but they also compromise the fight against ISIS, which retains sleeper cells in mountainous and desert areas. “Those attacks are a distraction,” said one such source. “The only people they are helping are jihadists because every time they attack a base where the coalition has advisors, those advisors have to stop what they are doing to concentrate on force protection.” The use of drones against American interests by Iran-linked factions is a relatively new tactic. The US military has previously accused pro-Iran Iraqi groups of helping Yemen’s Houthi rebels carry out attacks using such devices against Saudi interests.
    5 points
  12. Iraq to protect banknotes from bacteria and viruses 2021-06-06 Industry, Middle East, New Variety 0 Comments According to a press release, the Central Bank of Iraq announced that it has added the feature of protecting banknotes from bacteria and viruses, including the Corona virus strain, which will soon be put into circulation, by adding the biological pesticide developed by international companies specialized in printing banknotes in
    4 points
  13. The value of the Iraqi dinar continues to decline .. government steps to save it and expectations of high market prices Posted 3 hours ago news source / Mawazine News 05:54 – 06/06/2021 https://iraqakhbar.com/3127847 The exchange rates of the dollar against the Iraqi dinar rose , on Sunday, to record levels, reaching 1525 dinars against the dollar in the local markets, despite the government's assurances that it would continue to follow the exchange rates to maintain the price of the dollar. Today, the exchange shops traded the price of the dollar at $1525 per dollar, in a new decline in the value of the Iraqi dinar , a price the dollar has not reached for nearly 14 years, while government sources talked about future steps with the aim of controlling the price of the local market. A government official said in an interview with “Mawazine News” that “the rise of the dollar is a result of market speculation and rumors of a new price rise, and this type made the citizen in a state of confusion because of hoarding the dollar in homes, in addition to the transfer of money from the dinar to many people. dollar”. Another official on the government's measures adds , "The central bank will follow a plan in the coming days, by suspending the license of exchange shops that manipulate the price, in addition to forming price control committees ." He pointed out, "The government's policy is clear, which is to maintain the price of the dollar, and what is happening is not a dollar shortage crisis , but rather speculation in the market only." The prices of consumables have risen in the Iraqi market, for example, mobile recharge cards, some stores, have raised their price. Dealers are also talking about the imminent rise in consumer prices, and this will reduce the purchasing value of citizens. Marwan Jassem, a food trader in Jamila, told Mawazine News, "The market price is linked to the dollar, and today there is an exaggeration of the dollar issue, so we find that some traders kept any A government move and raising the price of their materials.” Ended 29/H
    4 points
  14. Good job KRG, I bet you’ll receive your portion of the budget quickly…
    4 points
  15. Parliamentary Finance: Sending two important files to Baghdad is a positive step to resolve outstanding problems with Erbil Posted 44 seconds ago news source / Iraqi media news agency "conscious" https://iraqakhbar.com/3127830 SULAIMANI — Kurdistan Regional Government (KRG) Spokesperson Jotiar Adil said on Sunday (June 6) that the KRG plans to send oil and a portion of its non-oil income to Baghdad this week, potentially resolving an impasse over implementation of the federal budget. Adil said during a press conference that he hopes Baghdad will reciprocate and send budget transfers to the Kurdistan Region in the near future. Regarding public sector workers’ salaries, he said, the KRG will pay workers once every month under the framework of the reform law, but did not address longstanding cuts. Under the 2021 Federal Budget Law, which passed on March 31, the KRG is supposed to receive 9.5 trillion Iraqi dinars ($6.5 billion) from the budget, which will be disbursed in monthly increments, in return for submitting 250,000 barrels of crude oil per day to Iraq's oil marketer SOMO for export and a portion of the income derived from customs duties at international border crossings with Iran and Turkey. Those budget transfers would theoretically enable the KRG to pay full public sector salaries. For more than a year it has either not paid public servants or cut their salaries by nearly a quarter, leading to widespread frustration among the Region’s middle class.
    4 points
  16. Another Ho Hum month with Meme Stocks...LOL!
    4 points
  17. This is the way...
    4 points
  18. Goldman Sachs, Citi, Bank of America and Jefferies are OUT - LIMITING SHORT SALES ON $AMC, other highly shorted meme stonks : amcstock (reddit.com)
    4 points
  19. Erbil will send two “important” files to Baghdad this week 15:38 - 06/06/2021 Information / Baghdad. The spokesman for the Kurdistan Regional Government, Jutiar Adel, announced, on Sunday, that the region will send two files to Baghdad, expressing his hope that Baghdad will send the financial dues to the region. Adel said in a press conference, that "two important files will be sent this week to Baghdad," explaining that "one of them includes the expenses of oil production in the region, and the other is related to the issue of non-oil imports." Adel expressed his hope to "implement the federal budget file soon, and send the Kurdistan region's financial dues according to what was stated in the budget law." finished/25h
    4 points
  20. From Powerball-MegaMillions.com; POWERBALL RESULTS Saturday June 5th 2021 44 52 54 64 69 26 POWER PLAY: ×3 Sorry, We had no winning matches here tonight.
    4 points
  21. Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON *** Mnt Goat *** Article: "ECONOMIST: THE GOVERNMENT’S JUSTIFICATIONS FOR RAISING THE DOLLAR EXCHANGE RATE ARE FLIMSY" Quote: "...in a statement to the “Information” agency that “the currency auction did not decrease in its sales" ...the currency auctions have ended....Not according to this article. *** RVAlready *** Question: [Seems that all of these countries are talk about their future digitized currency. That’s all great but we’re still holding onto Fiat currencies from several countries.. when are they planning on having us send these paper notes to them?] I think any country that terminates a currency has to give you a couple of years to cash out. Most countries will probably just cut back on printed currency, and let attrition happen naturally. *** Frank26 *** the World Bank knows that both of your reforms economic and monetary (but monetary being first) are tied together and the Kurds were the key for your budget that will launch these reforms. They are explaining that the only way your economic reforms will prosper is when and only when the CBI raises the value of your currency through your exchange rate. The World Bank is telling the world it is illogical for Iraq to have a low rate for their currency right now...they need to do something about the exchange rate because...the poverty rate of Iraqi citizens is horrible. They tell the CBI/GOI you're a sovereign country and you can now lift the value... *** MilitiaMan *** My view, is with the massive amount of data we have been showing in articles with links to support the view, is that they are ready and are heavily pressured to go to a market economy... my view is I expect a strong ( like never seen before, as noted on Iraq TV.) international rate to be gamed off the devaluation with the help of the local bankers and traders who are fully aware of what is going to happen next. We have data that supports them saying so...Let’s see what they do next..! Have a Blessed Sunday Everyone ... RON
    3 points
  22. I like how the article states "they arent very serious about passing the law" because they typically get it done when they act like its not important. When they say its urgent or imminent, it usually doesn't happen.
    3 points
  23. 3 points
  24. I don’t know.. something is up imo LOL go RV
    3 points
  25. Within days, the Kurdistan region sends two important files to Baghdad Posted 50 seconds ago https://iraqakhbar.com/3128168 news source / Mawazine News News source / Mawazine News 03:56 – 06/06/2021 Baghdad - Mawazine News , spokesman for the Kurdistan Regional Government, Jotiar Adel, announced on Sunday that two important files had been sent to Baghdad this week. Adel said during a press conference, " The two important files that will be sent to Baghdad this week are the Kurdistan region's oil expenditures file and non-oil revenues." Adel added, "After the successive visits made by the delegation of the Kurdistan Regional Government to Baghdad, two important files will be sent to Baghdad during this week, one of which is about the expenses of extracting and exporting the Kurdistan region's oil, and the other about non-oil revenues." Regarding sending the salaries of Kurdistan Region employees, Adel said, “I most likely will reach this issue to the implementation stage, and part of it has reached the stage of implementation.” Implementation is already in place, and in the near future the financial dues will be sent to the Kurdistan region within the federal budget.” Ended 29/h
    3 points
  26. Erbil: We hope that Baghdad will send the Kurdistan Region’s share of the budget soon https://shafaq.com/ar/سیاسة/ربيل-ن-مل-ن-ترسل-بغداد-حصة-قليم-كوردستان-في-الوقت-القريب 2021-06-06 10:57 Shafaq News/ The Kurdistan Regional Government expressed on Sunday its hope that the federal government will send the region's share of the financial budget for the year 2021. Government spokesman Jutiar Adel told reporters in front of the Kurdistan Parliament in Erbil, that after several visits made by the delegation of the regional government, two important files were discussed in the last visit, one of them related to the issue of oil revenues produced in the region and the second related to federal non-oil revenues in general, indicating that part of the The agreement between Erbil and Baghdad on these two files has entered into force. The spokesman expressed that the federal government will send the region's share within the fiscal budget law for the year 2021 in the near future
    3 points
  27. SULAIMANI — Kurdistan Regional Government (KRG) Spokesperson Jotiar Adil said on Sunday (June 6) that the KRG plans to send oil and a portion of its non-oil income to Baghdad this week, potentially resolving an impasse over implementation of the federal budget. Adil said during a press conference that he hopes Baghdad will reciprocate and send budget transfers to the Kurdistan Region in the near future. Regarding public sector workers’ salaries, he said, the KRG will pay workers once every month under the framework of the reform law, but did not address longstanding cuts. Under the 2021 Federal Budget Law, which passed on March 31, the KRG is supposed to receive 9.5 trillion Iraqi dinars ($6.5 billion) from the budget, which will be disbursed in monthly increments, in return for submitting 250,000 barrels of crude oil per day to Iraq's oil marketer SOMO for export and a portion of the income derived from customs duties at international border crossings with Iran and Turkey. Those budget transfers would theoretically enable the KRG to pay full public sector salaries. For more than a year it has either not paid public servants or cut their salaries by nearly a quarter, leading to widespread frustration among the Region’s middle class.
    3 points
  28. DAWN OF THE PLANET OF THE APES Apes to the Hedge Fund Managers.... We be like,
    3 points
  29. thanks to every one who help keep these lottery threads on going ... ( no thanks to the lottery peeps who keep missing our numbers in the draws 😁 )
    3 points
  30. Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON *** BobTheTaxMan If you're hanging on to IQD and the idea is to share that with your loved ones upon your passing, in the current space that we have...you're allowed to give them the IQD. It would have the value of that day of your death...Let's just say it goes up by a dollar and you're giving your kids a million IQD they could exchange it essentially tax-free. But what they want to do now [Biden's tax reforms] is eliminate that so that when your kids got that IQD from the estate they would have to cash it in and they'd only be able to write off the value that it had when you bought it. (Note: Consult your tax professional about your unique circumstances, estate plans and tax liabilities.). *** Frank26 We saw Saudi Arabia come last fall. We were excited...but now we're seeing Kurdistan/Barzani that are making moves - That are calling the shots. I don't care if Kurdistan comes down and they say Iraq has a new exchange rate because that's not who we want to hear it from. What I want to hear is Kurdistan say, 'Hey, we agree with everything in the budget...oil rights...HCL...' It is very interesting to see that the CBI website was down and IMO for an implementation with the Kurds. I told you this thing about the Kurds coming to Baghdad, the budget, it was huge. It was big... *** Breitling "The Next 5 Innovation Platforms Will Create the New World Order, Per Ark Invest: DNA Sequencing, Energy Storage, Robotics, AI, Blockchain" Why does Iraq want a 'digital currency'- not a cryptocurrency - but a 'digital currency'? So they can participate and maneuver within this [The Next Innovation Platforms]. People ask me over and over again 'are you gonna be around after the currency revalues?' ....No. 'Well you know we would like to have a conversation about what to invest [in next]...what's the next big thing?' This [The next 5 innovation platforms] is not going to change for the next 30 years. This is it...take the top billionaires and millionaires on the planet and what are they investing in - this environment [The next 5 innovation platforms] and this whole concept right here. *** Frank26 The World Bank came out twice in the last few days and now a third time in a row to tell the CBI you are sovereign now raise the value of your exchange rate and stop being fearful...Iraq is about to be with a new exchange rate and Iraq is about to give her citizens the purchasing power that was promised to them...
    3 points
  31. Johnny, I am a Full Blown Conservative, Can't say I liked Trump for most of my Life but when it came time to Shale Washington DC up it was Trump that could do it.....The Establishment couldn't buy him nor could they Turn him to their Corrupt Ways.....He would sooner than later expose them and the past 4 decades......The Left and the Rino's knew all to well what that meant. AL-Kazemi is much the same as Trump in him wants Reform, He Want to stop the Corruption, he want Iraq and the Iraqi People to Prosper unlike Maliki and other before him. Hence now a few are making claims that Al-Kazemi is Corrupt, The UN is Demanding his Resignation as he Supports Terrorism......Same Ploy the Liberals here has done for years to destroy the opposition....Accuse them of what They are Guilty of, Spin, Twist and Turn the Narrative until you get rid of the Problem. If you don't the Problem will soon see you hang (in the Middle East From a Crane or Tow Truck in Front of your house. Karsten
    3 points
  32. DV, GOOD LUCK TO US... AlWAYS KEEPING THE FAITH.... 👍👍 6-5 4-9-12-54-59 PB 15
    3 points
  33. Perhaps you should read between the lines... more is happening than they are letting on. (at least that is what I think) Intentional stall... way too much forward progress and then not! I personally think they are ready and attempted and had to pull back because of a technical issues. But that is my opinion. and so is this... It's coming!
    3 points
  34. Deputy: The talks of the Kurdish delegation in Baghdad are positive 12:44 - 05/06/2021 Information / Baghdad .. described the leader of the Movement for Change Amin Bakr, Saturday, talks , Vice President of the Kurdistan Regional Government of Iraq Qubad Talabani in Baghdad that it was a positive and successful on the rights of the region and duties, noting that my team talks , stressed the continuation of joint meetings to resolve the remaining differences between Baghdad and the region In light of the dues of both parties. Bakr said in a statement to / the information /, that “the regional government is very keen to zero in on all the problems between the region and the center, as during a meeting with the head of the regional government, Qubad Talabani and his accompanying delegation to Baghdad, they discussed the mechanism for implementing the budget law for the year 2021, and sending financial dues to the Kurdistan region.” . He added, "The two negotiating delegations expressed their desire to settle all differences between the region and the center so that the differences would not return again when approving the annual budgets, which was the reason for delaying their approval." It is noteworthy that a high-ranking Kurdish delegation headed by the Prime Minister of the Territory Government, Qubad Talabani, had held a series of meetings and discussions with the federal government during the past few days, and they discussed the implementation of the provisions of the budget law for the current year.
    3 points
  35. SULAIMANI — Kurdistan Regional Government (KRG) Spokesperson Jotiar Adil said on Sunday (June 6) that the KRG plans to send oil and a portion of its non-oil income to Baghdad this week, potentially resolving an impasse over implementation of the federal budget.
    2 points
  36. 2 points
  37. Report: Global petrostates can forget trillion-dollar oil and gas tax revenues as energy transition bites 2021-06-06 06:28 Shafaq News / The global government income from oil and gas taxation fell to a multi-year low in 2020 of around $560 billion, as production and prices shrunk. Before Covid-19, oil and gas taxes usually exceeded the trillion-dollar mark. Petrostates will miss these former glories, a Rystad Energy report projects, as the accelerating energy transition will cause this source of state income to shrink and never again exceed or meet $1 trillion. 2021 will be the last year global oil and gas taxes will approach the trillion-dollar mark, reaching about $975 billion according to Rystad Energy estimates, assisted by high oil prices. From 2022, taxes will be limited to the low $800 billion range, only ticking up in the early 2030s to about $900 billion, before starting their final and uninterrupted decline to as low as $580 billion in 2040 and about $350 billion in 2050. “As the energy transition ramps up, countries highly dependent on tax revenue from the upstream industry may have no other option than to diversify their economy to sustain state budgets. This is clearly the rational course for them to follow, but there are inherent challenges in the form of insufficient economic and legal institutions, infrastructure and human capital,“ says Espen Erlingsen, head of upstream research at Rystad Energy. The earlier the energy transition risks are realized the better they can be addressed. Structural changes will be crucial to stabilize petroleum-reliant economies and avoid geopolitical instability as the global energy systems shift onto a sustainable pathway, Erlingsen adds. Using Saudi Arabia as an example, we see that about half of the government take is at risk towards 2050, while total tax income from oil and gas made up 27% of the country’s gross domestic product (GDP) in 2019. Algeria, Iraq, Kuwait and Libya – all of which are heavily dependent on tax revenue from the upstream industry – all garnered around 40% of GDP in 2019 from oil and gas tax revenue. In these countries, about 50% of the government take is at risk, meaning that this group is the most exposed to revenue risk as a result of the energy transition. Source: Rystad Energy
    2 points


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